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Jumia records momentum in Q1 as marketplace revenue up 102%

…estimated to record profit by 2022…Rolls out Jumia Pay in Nigeria, Egypt, three other markets

Jumia

Jumia Technologies has released its 2019 first quarter (Q1) results which show strong momentum in gross merchandise volume (GMV) growth of 57.6 percent year on year (yoy) to €240 million in Q1 2019, from €152 million in Q1 2018. This is on the back of improved numbers of active consumers and spend per active consumer…

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